The global mobile mapping market size is expected to reach USD 127.63 Billion in 2030 and register a revenue CAGR of 19.2% over the forecast period, according to a latest report by Reports and Data. Increase in adoption of mobile devices and increase in introduction of improved mobile network connections are expected to drive market revenue growth during the forecast period. Automated Driving System (ADS) on vehicle is becoming more widespread which is also expected to boost revenue growth of the market. A steady flow of product development investment and research activities has boosted the global mobile mapping market significantly. The increased interest in mobile mapping apps from internet companies and manufacturers is projected to significantly boost mobile mapping market revenue growth during the forecast period.

In today’s fast paced world, internet connectivity is playing a vital role in urban as well as rural areas. Startups are focusing on developing new technological solutions to address these infrastructural issues. The mapping and development of a better network for the e-commerce logistics industry is a key focus area. The device's map then directs the field executive in sequential order to his distribution sites. While the downloaded map is offline, the delivery executive's activity is tracked in real-time, allowing for dynamic routing of new delivery or pick-up requests based on the executive's position.

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However, high cost of system acquisition is expected to hamper revenue growth of the market during the forecast period. Enterprises are rapidly embracing digitalization by implementing innovative technology to streamline and optimize their business operations. Mobile mapping solutions may speed up the process of scanning the surroundings, boost flexibility, and improve security, but still contribute to a company's capital expenditure. Scanners, encoders, cameras, and other IT applications would be necessary for companies searching for full mobile mapping solutions. Companies also have to pay more money to safeguard the gadgets and the entire network. In firms with limited budgets, the initial expense of using mobile mapping systems will limit uptake. As a result of the high cost of system acquisition and deployment, such systems are rarely used for routine road corridor surveys. Therefore, it poses a challenge to the mobile mapping market.

Some Key Highlights in the Report

Hardware segment is expected to account for largest revenue share in the global mobile mapping market over the forecast period, owing to rising demand for in-car navigation. This is expected to drive the market revenue growth during the forecast period.
Enterprise segment is expected to grow at steady revenue growth over the forecast period owing to increasing adoption of mobile mapping technology among enterprises for providing reliable and precise time and location-based information services in order to enable cost-effective futuristic planning of cities, transportation, and services.
Asia Pacific mobile mapping market is expected to account for largest revenue share in the global market over the forecast period due to the rapid increase in adoption of mobile mapping technology across industry verticals such as manufacturing, government, banking and financial services, real estate, telecommunications, and transportation among others in countries in the region.

Regional Outlook:

North America is expected to register largest revenue growth rate over the forecast period. Technological advancement in semiconductor, growing internet penetration, and urban planning across the region are driving revenue growth of the region. According to the World Bank, 91% of the American population is using the Internet. Digital population in the U.S. has increased over two decades and owing to this instance smart connected devices are becoming essential for modern lifestyle. Several self-driving or autonomous vehicle (AV) manufacturing companies such as Tesla, Apple, Uber, and others are constantly using mobile mapping aerial imagery application for enabling safe and accurate smart vehicle monitoring systems. The demand for 3D maps of cities and road networks is steadily increasing, supporting revenue growth of the mobile mapping market. Moreover, mobile mapping GIS for forecasting storms and hurricanes are further accelerating the demand in the region.

The market in Asia Pacific is expected to register a steady revenue growth rate over the forecast period. Increasing investments in developing infrastructure, city planning, and smart city projects are attributed to the growth of the mobile mapping market. Mobile mapping technology in smart-cities such as Beijing, Shenzhen, Tokyo, and Singapore are generating demand for mobile mapping in order to serve alternative technologically advanced transport services. Mobility solutions are shifting consumer expectations from driverless buses, taxis, and unmanned drones are significant factors for revenue growth in this region. In addition, automakers such as Toyota, Nissan, and Honda have collaborated to create high-definition 3D maps to help usher in safe autonomous driving. These factors are expected to drive revenue growth of the mobile mapping market in the region.

The market in Europe is expected to register a moderate revenue growth rate over the forecast period. Growing internet users, deployment of 5G infrastructure, and internet architectures in emerging areas such as machine-to-machine (M2M) communication and the IoT across Europe are driving revenue growth of the mobile mapping market. According to the World Bank, in 2020, over 85 % of Europeans have access to the Internet. Rising smartphone and Internet penetration is resulting in higher revenue growth opportunities for mobile mapping providers is witnessing new opportunities. Several municipal departments across the Europe region deployed mobile mapping to improve daily tasks of the municipal authorities. For instance, Amsterdam along with Berlin’s Hansa Luftbild have taken an initiative for betterment of the public services such as public works management and public safety response by using mobile mapping. The mobile mapping market is expected to register robust revenue growth rate grow with more investments and opportunities in advanced technology.

Companies profiled in the global market report include

Apple Inc., Google LLC, Microsoft Corporation, Black and Veatch Holding Company, Mitsubishi Electric Corporation, NovAtel Inc., Telefonaktiebolaget LM Ericsson, Comtech Telecommunications Corp., Trimble Inc., and Pasco Corporation.

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For the purpose of this report, Reports and Data has segmented the global mobile mapping market based on component, user type, application, end use, and region:

Mounting Type Outlook (Revenue, USD Billion; 2019-2030)

Vehicle-Mounted
Railway-Mounted
Drone-Mounted
Boat-Mounted
Others

Deployment Outlook (Revenue, USD Billion; 2019-2030)

Cloud
On-premise
Others

Application Outlook (Revenue, USD Billion; 2019-2030)

Road mapping
3D city modelling
Environmental monitoring
Autonomous navigation
Archeological scanning
Others

Regional Outlook (Revenue, USD Billion; 2019-2030)

North America
Europe
Asia-Pacific
Latin America
Middle East & Africa

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